Showing 61 - 70 of 53,742
In the article, I focus on the goal of creating a single competitive European natural gas market. After a brief discourse on the debate between theoretical and practical economists on the best mode to liberalise the energy sector, I lay out the vision of the European Union for gas market...
Persistent link: https://www.econbiz.de/10003830895
This paper examines the effects of the bank merger deregulation passed by U.S. Congress in 1994 on the board … states for 3 years, I found that banks in states with intrastate branching deregulation had a lower proportion of outside … board directors (OBDs) and banks in states with interstate banking and the bank holding company deregulation had a higher …
Persistent link: https://www.econbiz.de/10013128982
We examine the political dynamics which led to the codification of the Principles and Standards for sound compensation practices at financial institutions at international (G 20) level and to their subsequent implementation on both sides of the Atlantic. We show that the regulation of bankers'...
Persistent link: https://www.econbiz.de/10013091649
We analyze whether and how bank deregulation relates to the M&A centric consolidation of U.S. banking industry. Using … significant effect of deregulation on bank consolidation in overall and functionally diverse M&A terms. However, geographically … diverse M&A activity remains largely unaffected by bank deregulation. Importantly, these results are predominantly observed in …
Persistent link: https://www.econbiz.de/10013001339
The recent debate between Dabrowski, Gomulka and Rostowski, (2001) and Stiglitz and Ellerman (2001) as to key fators determining the success or failure of policies of liberalisation and privatization, illustrates the need for a concise theoretical foundation as to how, when and where policies...
Persistent link: https://www.econbiz.de/10012734628
Using economic deregulation as a quasi-natural experiment for increasing product market competition, we find increases … in earnings manipulation and accounting frauds following deregulation. This “dark-side” of product market competition is …
Persistent link: https://www.econbiz.de/10013007040
We examine the effects of geographic deregulation on banks' cost of equity (COE) using changes in interstate bank … branching laws over the post–Riegle-Neal period (1994:Q4–2016:Q4). We find strong evidence that deregulation increases banks …
Persistent link: https://www.econbiz.de/10012850786
We examine the effect of the Jumpstart Our Business Startups (JOBS) Act on biotech startups, who conduct almost 40% of IPOs since 2012. Reduced compliance costs encourage innovation capital formation as biotech IPO volume increases 200% and proceeds rise by 30%. After the JOBS Act, biotech...
Persistent link: https://www.econbiz.de/10012829465
This paper reexamines the adaptation of board structure in U.S. electric utilities following deregulation. Post-deregulation … changes in the complexity of a firm’s operations. Electric utilities that do not become more complex after deregulation reduce … that become more complex; these utilities employ more outsiders but fewer inside directors after deregulation. We conclude …
Persistent link: https://www.econbiz.de/10014193644
We study the effect of bank merger deregulation on market structure and wages in the banking industry. We show that … state deregulation of bank mergers and acquisitions increased the market share of large, multi-state banks and lowered wages …. Deregulation had no measurable effect on employment within the banking industry, and no direct effect on banking …
Persistent link: https://www.econbiz.de/10013403901